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SJVIX

$--
--%
1d
1w
1m

Analysis and statistics

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  • Previous Close
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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • Volume
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About

SJVIX.US refers to the Cboe Short-Term Volatility Index (VXST), which tracks the expected volatility of the S&P 500 Index (SPX) over the next nine days. Unlike the VIX, which uses a wider range of SPX options expirations, the VXST focuses on a very short-term outlook. It is often used to gauge immediate market sentiment and potential near-term price swings. Traders and investors monitor the SJVIX.US as an indicator of fear or complacency in the market, recognizing that a spike in the index can signal increased uncertainty or an impending market correction.
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Factors

SJVIX.US tracks short-term VIX futures, reflecting expected VIX levels soon. Several factors impact its price. VIX Futures Prices: SJVIX's primary driver is short-term VIX futures contracts. Their prices are determined by market expectations of future volatility. VIX Index Level: The VIX index itself significantly impacts VIX futures and, therefore, SJVIX. Rising VIX usually increases SJVIX's price. Time Decay: VIX futures and SJVIX experience time decay. As expiration nears, their value converges towards the spot VIX, potentially decreasing SJVIX's price if VIX is stable or falling. Supply and Demand: Investor demand for volatility exposure, as reflected in trading volumes of SJVIX and VIX futures, can influence its price. Market Sentiment: Overall market risk appetite and fear levels drive volatility expectations and impact VIX futures and SJVIX.

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